Yep, you heard it right. There's another on condo hotel the way. Lost count yet? According to the Orlando Business Journal, the proposed 16-story, 350-room condotel is set to break ground in spring 2008 and should be ready in 2009 at a cost of some $140 million - which really means (if it gets built at all) that it will come online around 2011 at double that cost. Call me a cynic. But with most of the pre-construction condo hotel projects delayed or stalled, I'm only recommending [...]
Most Expensive Condo: Listed for: $521,864 Sold for: $447,000 (days on market: 52) Least Expensive Condo: Listed for: $127,900 Sold for: $126,400 (days on market: 36)Â Median sales price: $208,000 Average days on market =Â 89Â Â Â Â Â Â Â Source: Orlando Sentinel
The Baby Boomers are hitting the age now where they are retiring, whether they have only just retired, are just in the process or have been retired for a short while. Many of them are looking for a place to settle down and enjoy their golden years while still maintaining the lifestyle they are accustomed to. Having worked and saved their entire lives, baby boomers have been considering where they will retire for many years. One of the top places that baby boomers consider is Florida. They are [...]
The day was finally here. After weeks of buzz and excitement around our most popular story to date, the Orlando real estate market was getting ready to make headlines about buying and selling condos, rather than the usual doom and gloom stories of decline. Some saw it as a sign of things to come like 'rock bottom', 'panic sales' and further depreciation of property values. Others saw it as an ideal opportunity to aquire a new condo, either for their own use or as an investment. Around 600-700 [...]
Dear Sherry: What's the difference between getting pre-approved and pre-qualified for a mortgage? I hear these terms used interchangeably - are they the same thing? Though a prequalification and a pre-approval may seem to be the same thing, the differences are quite significant. Both require specific information from homebuyers. But that's where the similarity begins and ends. In both cases, home buyers provide the following information: Sales Price Down Payment (to determine the loan [...]
Ravinia condos in Maitland finally opened its doors to the local Realtor population last night - so we put on our party frocks again and up Interstate 4 we drove. I have to say that from inside the sales center it all looks pretty good. The virtual tour is technologically incredible and the to-scale model is also pretty amazing. Ravinia condos have about 297 units with over two dozen floor plans, making it a very different animal from its neighbor, the Trevi condos, due to be situated on the [...]
Most Expensive Condo: Listed for: $297,000 Sold for: $217,000 (days on market: 358) Least Expensive Condo: Listed for: $99,000 Sold for: $?? (days on market: 2)Â Median sales price: $150,000 Average days on market =Â 129Â Â Â Â Â Â Â Source: Orlando Sentinel
We've had a few folk tell us that they love our Blog, but they don't always remember to check the Condo Metropolis site to see if there are new postings. "Why can't you just email the news to me?" they say. So we've found an ingenious solution for you, and you can now subscribe to the Condo Metropolis Blog! Our readers are eccstatic as you can see. This loyal reader sent us a photo to prove just how happy she is now that she can just point and click her way to the latest condo news. Anyway,[...]
Back in May , Condo Metropolis reported that Lake Buena Vista Resort and Spa seemed to be ahead of the game (construction wise) - since construction was complete on the first few towers. As it turned out, timing is everything, and whether by luck or judgment, Lake Buena Vista nailed it in the nick of time. Now officially closed out, it seems there may be last chance to own here as one or two units that failed to close come back onto the market: Exhibit A: One beautiful, 2 bedroom, 2 bath 1150 [...]
Most sellers use a real estate agent when they list their homes for sale - even though it costs them a commission. Most buyers do not use a real estate agent - even though the service is free to them as buyers. (Why free? Because the seller usually pays the commissions.) The 2006 Profile of Buyers and Sellers from the National Association of Realtors shows that only 44 percent of all purchasers had a written buyer-brokerage agreement, while 84 percent of all sellers listed with a broker. Seem [...]
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